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Nasdaq Breaks 50-DMA, S&P on the Brink
Nasdaq Breaks 50-DMA, S&P on the Brink
While the Dow is down just 50 points at the moment, both the S&P; 500 and the Nasdaq are quietly down more than one percent. As shown in the first chart below, the Nasdaq just broke below its 50-day moving average for the first time since July, which means its multi-month uptrend is in big ...
Equities Rally on Thursday, Dow Gains 200 Points
Equities Rally on Thursday, Dow Gains 200 Points
portfoliotilt.com — Whether it was sparked by the better than expected GDP number, or the short-term oversold conditions, equities... rallied strong on Thursday gaining about 2% across the board. Pictured right, the 60-minute S&P 500 chart. (more) Equities Rally on Thursday, Dow Gains 200 Points
S&P Fills the Gap: Still in Neutral Range
S&P Fills the Gap: Still in Neutral Range
portfoliotilt.com — Equities rallied on Thursday erasing most of the damage from the prior session. The Dow was today's... leader closing higher by 1.3%, the NASDAQ gained .7% on the session. (more) S&P Fills the Gap: Still in Neutral Range
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Thursday Morning Market Comment and Links (for traders)
Millionaire Now! — ... All the major averages except for the Dow Jones Industrial Average sliced and closed below their respective 50-day moving average (DMA) lines which effectively ended the 34-week rally which began with confirmation on the March 12, 2009 follow-through day. Volume was reported higher on the NYSE and Nasdaq exchange,indicating large institutional selling. Decliners trumped advancers by over a 8-to-1 ratio on the NYSE and by over a 5-to-1 ratio on the Nasdaq exchange which illustrates ...

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